22408, Fredericksburg, VA

The 22408 zip code of Fredericksburg, VA has a median home value of $224,000. This is significantly lower than the national median home value of $247,500. The 22408 zip code also has a lower home equity percentage than the national average of 63%. This indicates that there are more homes in this zip code that are worth less than their mortgages.

The 22408 zip code is also experiencing a decline in home prices. In 2017, the median home price decreased by 3%. This decrease is likely due to several factors including low interest rates and increasing competition from other areas in Virginia. The 22408 zip code is projected to have a decrease in home prices again this year by 2%.